Digital Economy Depends On Strong Payments Infrastructure’

The managing director of Xpress Payment Solutions Limited, Wale Olayisade, has underscored the critical role of a robust payments infrastructure in sustaining Nigeria’s digital economy, saying the country’s economic transformation increasingly depends on efficient, secure and accessible digital payment systems.

Olayisade made the assertion ahead of activities marking the 10th anniversary of Xpress Payments, noting that the rapid expansion of Nigeria’s digital economy has further elevated the importance of the payments industry in driving economic development, financial inclusion and business growth.

According to him, the payments ecosystem has become a vital enabler of commerce, government revenue collection and access to financial services, helping to connect millions of Nigerians to the formal economy.

“As Nigeria’s digital economy continues to expand, the payments industry will remain central to economic development,” Olayisade said. “Xpress Payments remains focused on building solutions that empower businesses, support government initiatives and improve access to financial services for millions of Nigerians.”

He described the company’s 10-year milestone as more than a corporate anniversary, saying it represents a decade of innovation, partnerships, trust and the transformative impact of technology on Nigeria’s financial services landscape.

“Reaching this milestone is a testament to the resilience, innovation and dedication of our team, partners and the trust placed in us by millions of Nigerians who rely on our platforms daily,” he stated.

Olayisade added that over the past decade, Xpress Payments has consistently transformed challenges into opportunities by developing secure and seamless payment solutions that support businesses, facilitate government collections and promote financial inclusion across the country.

“At Xpress Payments, we have transformed challenges into opportunities, pioneering secure and seamless payment solutions that power businesses, support government collections and drive financial inclusion,” he said.

The fintech executive stressed that Nigeria’s transition towards a cashless economy requires continued investment in digital infrastructure, innovation and collaboration among stakeholders to ensure that payment systems remain reliable, accessible and secure.

He noted that as digital adoption accelerates across sectors, payment service providers will play an even greater role in enabling economic activity, reducing transaction costs and improving the efficiency of both public and private sector operations.

Looking ahead, Olayisade said the company remains committed to deepening digital payment adoption and creating platforms that simplify transactions for individuals, businesses and government institutions.

“As we celebrate Xpress @10, we are not just looking back; we are doubling down on our mission to simplify and enable smarter payments. We envision a digitally empowered Nigeria where transactions are effortless and opportunities are boundless,” he said.

As part of the anniversary celebrations, the company has lined up a series of activities, including a corporate social responsibility (CSR) initiative aimed at supporting communities and reinforcing its commitment to sustainable development.

The celebration will also feature the Xpress @10 Public Lecture, which is expected to bring together industry stakeholders, policymakers and technology experts to discuss emerging trends, opportunities, challenges and the future of digital payments and financial inclusion in Nigeria.

Since commencing operations in 2016, Xpress Payments has continued to expand access to digital financial services, simplify payment processes for businesses and individuals, and contribute to Nigeria’s drive towards a more inclusive, technology-driven economy.